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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.



Somebody who is authorized to act as an agent on behalf of another. 

If you own shares in a company, for example, you can get someone to vote by proxy. Rather than casting your vote as a shareholder, you get someone to cast it for you. Maybe because you're too busy frolicking on your yacht.